Daily Mail and Mail Online-owner DMGT will sell its risk insurance business RMS to ratings agency Moody’s for £1.4 billion. The deal comes as DMGT’s major investor, the Rothermere family, is looking to buy the remainder of the company it does not already own.
DMGT looking to go private as Rothermere unwinds DMGT group in SPAC acquisition of Cazoo and sale of RMS
DMGT announces that dmg media, its Consumer Media business, has acquired New Scientist, one of the world’s leading science publishing titles, from a consortium of individual investors led by Sir Bernard Gray, for £70m cash consideration
Daily Mail and General Trust (DMGT), the owner of the Mail newspapers, has sold data business Genscape for £298m.
Reuters) – The owner of Britain’s Daily Mail newspaper said on Monday that it is considering options for its stake in Euromoney Institutional Investor Plc, but has not yet held discussions with anyone. Daily Mail and General Trust Plc holds more than 49 percent of Euromoney, which provides business-to-business information, and is its largest shareholder and founding investor.
Press release: Following the announcement, in November 2017, of a process being under way to dispose of EDR, the US property information business, DMGT announces that a sale has been agreed. Silver Lake Partners and Battery Ventures, two leading private equity investors with experience in growing technology, data and software businesses and investing in evolving business models, will acquire EDR for $205 million
Press Release: QS is delighted to announce that we have acquired Hobsons Solutions, the leading provider of international enrolment management solutions to universities worldwide, which will be renamed ‘QS Enrolment Solutions’.
QS was founded in 1990 by Nunzio Quacquarelli (CEO, QS Quacquarelli Symonds Ltd) as a student project at the Wharton School with the mission to enable motivated people anywhere in the world to fulfill their potential through educational achievement, international mobility and career development.
Press release: Hobsons Inc. has sold its Radius, AppReview, ApplyYourself, Connect, and Retain CRM and application management product lines to Campus Management Corp. These solutions are used by more than 700 colleges and universities in the United States and around the globe. The acquisition continues to build out Campus Management’s solution portfolio, making it the largest and best-in-class higher education Constituent Relationship Management (CRM) provider. The company now includes the approximately 100-person, dedicated team of CRM and application management experts from Hobsons who will continue to design, develop, implement, and support these solutions at Campus Management
DMGT, which is ultimately controlled by Viscount Rothermere, has appointed boutique advisory firm Cardean Bell to work on a strategic review of the free newspaper, City sources said. Metro, the freesheet that was set up in 1999 and within five years drew a readership of 1m, could change hands for between £25m and £35m
DMGT has little in common with supposed peers Johnston Press and Trinity Mirror. A forward earnings ratio of 14.2 times suggests the future is rosy. The market predicts deep trouble ahead for the other two, with ratings of 0.7 and 2.2 times, according to S&P Global. If DMGT were shorn of its legacy media interests, it would be rated more like Relx at 18.7 times
Chief executive says review will ask: are we the best owners for all our businesses?
DMGT, the owner of the Daily Mail saw profits tumble by a quarter at its newspaper operation following a double-digit fall in print advertising revenues and investment in Mail Online
Slowing of print advertising decline – with significant improvement since Brexit vote – prompts hopes that downturn is ending
Rivals working together to find ways of countering declining print revenues. Last year revenues from display adverts dropped 15 per cent, with publishers reporting similar figures for the first half of this year
It’s been another ‘bad news’ month for UK newspapers. Just a few weeks after Vice founder Shane Smith predicted a media industry “bloodbath”, Britain’s most successful newspaper group DMGT reported a 16% drop in advertising revenue at the Daily Mail in the six months to the end of March. Even the 20% growth at its Mail Online was scant consolation because annual revenue will not reach the £100m targeted for more than two years. Consequently, the world’s largest English language newspaper site remains far from profitable. Daily sales of the UK’s national newspapers have more than halved to 6.5m in the past 15 years and are still falling. But it is the continuing drain of advertising that panics investors.
Shares in Daily Mail and General Trust, publisher of the Daily Mail, fell by 10 per centon Thursday as it disclosed the toll that the sudden downturn in print advertising is having on its business. It suffered a 16 per cent decline in print advertising revenues in the first half of its financial year
It is understood it is seeking a linkup with a private equity firm that would take over Yahoo, with a publisher then taking over the news and media properties
DMGT announces the disposal of Wowcher, dmg media’s online discount business, to a newly formed company, in which DMGT holds a c.30% stake
Mail Online has missed its target of making £80m in revenue this year as annual digital advertising growth slowed by more than half and profits at the Mail’s combined print and digital operation rose by 12%.
The publisher of the Daily Mirror is poised to announce a £220m deal to take control of Local World, which owns more than 100 regional titles, to create a local newspaper powerhouse.Trinity Mirror, which also owns the Sunday People and Sunday Mirror, is thought to be close to securing a deal with Local World and could announce completion this week
